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RE: EOS drops...Where's the bottom?
Very clear and complete analysis, thanks for including the detail of supporting MACD and RSI divergence, and the explanations of the golden pocket. My position is all in, fully subscribed on EOS. A wave 5 failure is where the price abandons EW theory and goes up instead? How is that different from a truncated 5th wave or are they the same? So, EW theory and price behavior doesn't always play out? Upvoted and resteemed, thank you, excellent post!
Thanks my friend. A truncated 5th is just a shortened 5th wave. That's different from a complete failure. If wave 5 fails to go past the end point of wave 3, it's considered a failure.